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Friday, December 31, 2010

The US Federal Reserve will buy an additional $600 billion of treasuries expanding record stimulus and risking its credibility to reduce unemployment and avert deflation.Policymakers,who have pegged new purchases at about $75 billion a month will adjust the program to best foster maximum employment and price stability.The Central bank kept its pledge to keep interest rates low for an'extended period'.

Source;IIBF VISION-December,2010.